Philadelphia, PA 19121,1219 N 29TH ST
Philadelphia, PA 19121,1219 N 29TH ST
Philadelphia, PA 19121,1219 N 29TH ST
Philadelphia, PA 19121,1219 N 29TH ST
Philadelphia, PA 19121,1219 N 29TH ST
Philadelphia, PA 19121,1219 N 29TH ST
See all 23 photos

$300,000

$300,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

1,920 SqFt


SOLD DATE : 09/20/2021

Key Details

Sold Price $300,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 1,920 sqft

Price per Sqft $156

Subdivision Brewerytown

MLS Listing ID PAPH931922

Sold Date 09/20/21

Style Traditional

HOA Y/N N

Abv Grd Liv Area 1,920

Originating Board BRIGHT

Year Built 1925

Annual Tax Amount $2,919

Tax Year 2021

Lot Size 1,184 Sqft

Acres 0.03

Lot Dimensions 16 by 74

Property Description

Welcome to 1219 N 29th Street, a LEGAL triplex (100% residential) with active rental licenses located in the heart of booming Brewerytown. If you are looking for a 9% CAP RATE, then this is the asset for you! The opportunities are endless here; purchase as a cash flowing triplex, live in one unit and rent out the other two, convert the 1st floor to commercial with 2 residential units above based on the CMX2 zoning guidelines or update the units to increase your gross rents and After Repair Value (ARV)! Located right off Girard Ave this location has everything you would want for future rent growth and asset appreciation; Girard trolley stop right outside plus local bus routes, Immediate access to I-76, and other major expressways! Local attractions range from breweries, cafes, parks, and nightlife right outside your door to iconic landmarks like Fairmount Park, Art Museum, Boathouse Row, Eastern State Penitentiary, and so much more within minutes! Your local grocery shops are the popular ALDI and WholeFoods, it doesn't get better than that! The property is laid out as 3 one bedroom, one bath units with one unit per floor making each unit a flat. The 1st-floor unit has a private backyard and basement access which has 7.5-foot ceiling providing the opportunity for future finish-able square footage without having to underpin. This unit is currently vacant and has a projected rent of $1100 as is. The 2nd-floor unit is currently occupied on a month-to-month lease for $950 per month and the tenant has been in place since 2016. Finally, the 3rd-floor unit is vacant with a projected rent of $800 month rounding out the total projected GROSS RENTS OF $2850 per month or $34,200 per year. A 9% CAP RATE- not too shabby! Reach out for a private showing today as this one won't last long!

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning CMX2

Interior

Interior Features Carpet, Ceiling Fan(s), Tub Shower, Wood Floors

Hot Water Natural Gas

Heating Radiator, Hot Water

Cooling Window Unit(s)

Equipment Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Gas, Washer, Refrigerator

Appliance Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Gas, Washer, Refrigerator

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type None

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 292149910

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Bright MLS (BMLS)
Listed by Ryan Stawasz • KW Philly
Bought with Rami Akkeh • HomeSmart Realty Advisors
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(914) 223-7234

briahna.savage@exprealty.com

777 Westchester Ave, West Harrison, NY, 10604, USA

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.